The Intelligent REIT Investor Guide How to Sleep Well at Night with Safe and Reliable Dividend Income

Demystify real estate investment trusts with this masterful guide from an industry expert.

In The Intelligent REIT Investor Guide, author Brad Thomas walks you through both basic and advanced topics in the profitable, sustainable world of real estate investment trusts. From historical industry performance to the equations needed to calculate key metrics in REIT stocks, this book covers the history, vocabulary, principles, and analysis you’ll need to invest wisely in this growing asset class. Find out how you can strengthen your investment decisions and conclusions with publicly traded REITs in the short- and long-terms alike.

With this book you’ll:

• Understand exactly what REITs are, how they work, and why they’ve achieved such impressive historical returns
• Discover how REITS have performed over the decades up against other asset classes
• Compare and contrast the various subsectors – such as residential, retail, office, healthcare, self-storage, lodging, technology, and more – to understand which ones can work better in your personal portfolio.

Perfect for personal and professional investors alike, The Intelligent REIT Investor Guide is an invaluable guide to a crucial asset class that is often overlooked or poorly understood despite its undeniable impact on portfolios over the past 60 years.

BRAD THOMAS is the CEO and Senior Analyst at Wide Moat Research, a boutique financial newsletter company that covers a wide range of investment strategies focused on dividend growth stocks. In addition, Thomas is the guru behind several newsletter products including Forbes Real Estate Investor, The Intelligent REIT Investor, and the Intelligent REIT Options Advisor. He is a frequent contributor on Fox & Friends, Fox Business, and TD Ameritrade in addition to contributing regularly to Seeking Alpha, Forbes.com, and The Property Chronicle. In addition to his real estate interests, Thomas is an accomplished and sought-after speaker throughout the U.S. and on the international stage. He graduated from Presbyterian College in Clinton, SC, and guest lectures frequently at many leading universities.

RALPH BLOCK was a leading authority on REITs and an active participant in the industry for seven decades who died on September 6, 2016. Author of the book Investing in REITs, he also founded The Essential REIT, a newsletter dedicated to REITs and REIT investing. In addition, Block was a regular contributor to REIT magazine and wrote weekly blog posts for SNL Financial. Block began investing in REIT stocks in the 1970s, and he held a variety of professional investment and advisory positions in the industry from 1993 onwards. Block practiced corporate and securities law in Los Angeles for 27 years before focusing on REITs. He graduated from UCLA and the UCLA School of Law, where he was on the board of editors of the UCLA Law Review.

Acknowledgments xi

A Building Block for REITs xiii

Chapter 1 REITs: What They Are and How They Work 1

Chapter 2 REITs Versus Competitive Investments 15

Chapter 3 REITs over the Decades 27

Chapter 4 Residential REITs 41

Chapter 5 Retail REITs 57

Chapter 6 Office, Healthcare, Self-Storage, and Lodging REITs 71

Chapter 7 Technology REITs 83

Chapter 8 Specialized REITs 101

Chapter 9 REITs: Mysteries and Myths 113

Chapter 10 REITs: Growth and Value Creation 123

Chapter 11 Searching for Blue Chips 143

Chapter 12 Breaking Down the REIT Balance Sheet 153

Chapter 13 REIT Preferred Stocks 163

Chapter 14 The Quest for Investment Value 173

Chapter 15 Building a REIT Portfolio 187

Chapter 16 Investing in Global REITs 203

Chapter 17 Management Matters 211

The Intelligent REIT Glossary 221

The Intelligent REIT Investor 233

Afterword 239

Index 241

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